SocialStack, an impact-driven decentralized autonomous organization (DAO) platform, today announces the launch of its debut product, CommunityOS, a DAO community engagement tool built on the Polygon network that aims to solve key DAO adoption challenges. CommunityOS launches in collaboration with an exhibit at Christie’s by Osinachi, a leading African NFT artist and the company’s chief creative officer.
CommunityOS enables any community with a token to activate passive followers into active contributors by earning tokens through completing tasks and scanning QR codes. There is also a storefront feature to list products, NFTs, or coupons for sale that the tokens can be redeemed for.
Attendees of the Christie’s Auction will be the first to test out the Dapp, using it to earn Osinachi’s social token, dubbed $OSINA, via social sharing.
A social token is a type of cryptocurrency-based around a brand, community, or creator. Friends With Benefits ($FWB), a prominent social token consisting of a community of industry leaders, raised $10 million earlier this year from Andreessen Horowitz, Pace Capital, and Spark Capital, valued at over $100 million.
To date, CommunityOS has been co-created alongside 12 highly curated and impact-driven social token communities with a collective market cap of $6 million and growing. These unlock value from participating in important social missions like climate action and conscious consumerism.
“It’s exciting to offer the first African artist’s NFT at Christie’s Europe and to be the first to provide attendees of the auction with a social token reward for showing up,” explains Osinachi. “This is a first of its kind activation to gamify the behavior of attendees to earn tokens by taking a selfie and sharing the event on social media,” Osinachi added.
This event also marks the first time an African artist will showcase an NFT at the esteemed auction house. Osinachi’s work explores existence as protest by depicting and reimagining how we engage in advocacy for freedom of identity. Other artists in this auction include musician Thom Yorke of Radiohead, contemporary artist & activist Ai Weiwei, and designer Yves Saint Laurent.
Andrew Berkowitz, SocialStack Cofounder, and CEO, said: “We view social tokens as an onramp to inclusive social economies that align the creative efforts of a community towards advancing solutions to some of humanity’s most important challenges. This is why we’re focused on creating software along with impact-driven organizations and creators that is open-source and usable by anyone.”
Socialstack is the first multi-chain social token platform built on Ethereum scaling solution Polygon and mobile-first DeFi platform, Celo. The team is aligned with Celo’s core values of introducing unique purpose and connectedness to the world. “Celo’s mission is to increase prosperity,” says Rene Reinsberg, Cofounder of Celo and Partner at CLabs. “We’re excited to have Socialstack building on Celo and helping to advance our community.”
Shreyansh Singh, Head of Polygon Studios, said: “We’re delighted to see the Polygon protocol being leveraged to support impact-driven organizations from around the world with this new DApp from the SocialStack team. We know that Social Tokens have the power to turn passive followers into active contributors for worthwhile organizations, and we are proud that our environmentally friendly scaling solutions make Polygon a perfect pairing for all of these talented teams.”
A portion of proceeds from Christie’s will be donated to the African Culture fund, a pan-African organization supporting arts education and cultural and creative industries on the African continent.
Learn more about Osinachi’s NFT series Different Shades of Water, using our CommunityOS DApp, via Christie’s official press release.
Socialstack is a platform of DAO community tools and an incubation hub to build Impact DAOs. An Impact DAOs is a Community DAO with a core impact goal that is the purpose of its formation and uses an impact-first social token as the DAO primitive.
Communities use their social tokens as an incentive to reward positive behavior towards ushering in an abundant, regenerative future.
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions and more. Polygon’s scaling solutions have seen widespread adoption with 500+ applications hosted, ~600M total transactions processed, ~60M unique user addresses and $5B+ in assets secured.If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.